Submitted by squeakychain t3_ygz2og in wallstreetbets
DoomerGloomerBloomer t1_iubkg7k wrote
Reply to comment by squeakychain in Love the degen stuff, but… by squeakychain
Day trading is a meme. Literally no retail investor is a successful day trader. Just doesn't exist. Only con artists will claim otherwise and they're always selling a discord server or subscription too.
If you're "day trading" then you're going to run a negative cash flow operation before long.
Law of averages applies to capital markets and it's why "buy and hold" is also a meme: fewer trades are much more advantageous than "day trading".
This alone is probably why 99% of this sub is negative on an absolute P/L.
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